Prime Minister Anthony Albanese and New Zealand’s counterpart sign a new Australia–New Zealand agreement as Australia also addresses public debate around capital gains tax (CGT). In connection with the signing, Albanese dismisses suggestions that the relationship between the two countries is strained, including commentary that links the governments’ positions to hostility. The announcement comes after political exchanges described as a “cheeky” rivalry around budget matters between Australia and New Zealand. Both leaders present the agreement as evidence of ongoing cooperation rather than disagreement. While the CGT criticism remains part of the broader political discussion in Australia, Albanese’s comments emphasize that it does not reflect deteriorating relations with New Zealand. The agreement is framed by the governments as a step forward for trade and broader bilateral engagement, with the leaders highlighting continuity in working together across policy areas. The reporting characterizes the leaders’ tone as conciliatory at the time of signing, with efforts to align on the message that their governments remain focused on partnership despite domestic political debate over taxation.